Study of the Impact of War Migration of the Population on the Ukrainian and European Labour Market

Research background The Russian-Ukrainian war has become a significant factor that has prompted millions of Ukrainian citizens to migrate in search of safety. The demographic situation in Ukraine is deteriorating in both quantitative and qualitative dimensions. The mentioned changes are impacting the domestic and European labour markets. Purpose The article examines the consequences of war migration of the population for domestic and European labour markets. Research methodology The study covers the period between 2013 and 2023. Empirical research methods were use in the article: observation, comparison, generalization, forecasting. Results Ukrainian migrants presently comprise approximately 1% of the population in European Union countries and represent 15% of Ukraine’s overall demographic composition. The prevailing inclination among the majority of these migrants is not to return to Ukraine in the immediate future, with the principal determinant being identified as the prevailing sense of peril. Notably, within the age structure of Ukrainian migrants, a significant 81.2% fall within the economically productive age bracket of 18-49 years. This demographic composition sets the stage for a positive economic effect within the European Union, while concurrently engendering adverse repercussions for the domestic labour market in Ukraine. Novelty A three-year projection regarding the migration volumes of Ukrainians to the European Union has been delineated. Drawing upon post-war reconstruction experiences worldwide and taking into account the critical demographic landscape in Ukraine, a proposition has been put forth to synergize efforts among the government, international organizations, and donors. This collaborative endeavour seeks to establish a financial fund, wherein resources will be allocated towards the formulation of recommendations and the subsequent design and implementation of programs aimed at the restoration of the domestic labour market.